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3120180058967 RECORDED IN THE PUBLIC RECORDS OF JEFFREY R SMITH, CLERK OF COURT INDIAN RIVER COUNTY FL BK. 3151 PG 1128 Page 1 of 33 9/27/2018 1 58 PM DEVELOPER'S AGREEMENT BETWEEN INDIAN RIVER COUNTY AND GRBK GHO ARABELLA RESERVE, LLC THIS DEVELOPER'S AGREEMENT (Agreement) is made and entered into this 18 day of September , 2018, by and between INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, 1801 27`h Street, Vero Beach, FL 32960 ("County") and GRBK GHO ARABELLA RESERVE, LLC, a Florida limited liability company, 590 NW Mercantile Place, Port St. Lucie, FL 34960 ("Developer"). WITNESSETH: WHEREAS, Developer proposes to develop a single family home subdivision located on the southeast Corner of 49th Street and 58th Avenue in Indian River County, Florida, to be known as Arabella Reserve, on real property legally described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. WHEREAS, the County and the Developer share mutual goals and have determined that they can assist each other with respect to right-of-way acquisition, roadway and drainage improvements, intersection improvements, and other improvements described herein and required as a condition of the Arabella Reserve approval; and WHEREAS, the County and the Developer desire to enter into this Agreement to set forth the terms and conditions to which they have agreed with respect to the matters contained herein; NOW, THEREFORE, for and in consideration of these premises, Ten Dollars ($10.00), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the County and the Developer do hereby covenant, stipulate, and agree as follows: 1. Recitals: The foregoing recitals are incorporated as if fully restated herein. 2. Intersection Improvements: The Developer shall contribute $13,022.00 to the County which represents 3.6% of the total cost for Intersection Improvements of 49th Street and 58th Avenue. County acknowledges that the contributions above satisfy the Developer's entire obligation with respect to off-site intersection improvements through build -out of Arabella Reserve, except to the extent that additional property or units may be added to Arabella Reserve in the future. The County shall not withhold any approval or permit, nor shall it deny concurrency, because of the condition or state of any intersection in the County as long as the Developer is in compliance with this Developer's Agreement.